At the end of the day, for all of the rhetoric and promises about what Obamacare would achieve, the health law’s most ardent supporters have stuck to their guns because of one thing: coverage expansion. But new data suggests that Obamacare may fail even to achieve this goal. Instead of expanding coverage to those without it, Obamacare is replacing the pre-existing market for private insurance. Surveys from insurers and other industry players indicate that as few as 11 percent of those on Obamacare’s exchanges were previously uninsured.
And that really doesn’t get at the problem that, for every non-insured person now getting insurance via Obamacare, far more are losing their insurance, creating a net increase in the uninsured.
Which, given the long history of government attempts to meddle in free markets, shouldn’t really have been all that much of a surprise.